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Statement of Resource Expenses and Depletion Allowance
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T1229
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Use this form to calculate your resource expenditure pools, exploration and development expense deduction, expenses renounced in respect of flow-through shares which qualify for investment tax credits and to claim your depletion allowance.
Attach your T101, T5013 and T5 slip(s) to the statement. If you do not have any of these slips, attach a statement that identifies you as a participant in the venture.
Attach a separate sheet of paper if you need space for Areas I, IV or V.
Attach a completed copy of this form to your T1 General Income Tax and Benefit Return.
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I. Summary of T101 and T5013 slips (Renounced Canadian Exploration and Development Expenses)
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Identification number on Form T101 - Statement of Resource Expenses, or the partnership's filer identification number on Form T5013 - Statement of Partnership Income. |
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II. Canadian resource expenditure pools
The amounts calculated in Area I above form part of your CCEE (Cumulative Canadian Exploration Expense) and CCDE (Cumulative Canadian Development Expense) pools, as the case may be. In most cases the CCOGPE (Cumulative Canadian Oil and Gas Property Expense) pool is relevant only if you have an opening balance.
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Accelerated investment incentive
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Note 1: |
CDE or COGPE incurred by you after November 20, 2018 that is not renounced to you under a flow-through share agreement and that is not the cost of Canadian resource property acquired by you from a person or partnership with whom you do not deal at arm's length. |
| Note 2: |
See amount in B of your 2017 T1229 |
| Note 3: |
The Accelerated Investment Incentive is only available in the year in which the CDE or COGPE is incurred or renounced to you. |
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III. Exploration and development expenses (see line 22400 in the General Income Tax and Benefit Guide)
IV. Expenditures qualifying for an investment tax credit (see line 41200 in the General Income Tax and Benefit Guide)
V. Depletion allowances (specify) (see line 23200 in the General Income Tax and Benefit Guide)
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